Office Building for
For Sale
Contact for pricing
185 Broadway, New York, NY 10007
For sale office building totaling 28,703 RSF at 185 Broadway.
Property Size28,703 SF
Price / SF$495
Days on Market95
Property Features for 185 Broadway
General Information
Standard status
Active
Size
28,703 SF
Property subtype
Office
Building Details
Year Built
2022
Stories
3
Units
3
Listing Agency:
Rudder Property Group
(646) 483-2203
Listed By:
Justin Harris · License #NY 10401319657
Source:
Crexi
Added: May 21
Changed: Aug 22
Last Checked: Aug 21 at 9:19PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Rudder Property Group
Investment Insights
Based on property information with market context.
This offering is an office building for sale with 28,703 RSF of space. The property is presented as a commercial office asset and is marketed for sale.
The building is located at 185 Broadway in New York, NY 10007. Access details, tenancy, and specific layout information are not provided in the available materials, so buyers and brokers should confirm configuration during due diligence.
If you are evaluating office space requirements, this is a large-format office property measured at 28,703 RSF, suitable for buyers seeking to accommodate an established footprint within a single office building.
The building is located at 185 Broadway in New York, NY 10007. Access details, tenancy, and specific layout information are not provided in the available materials, so buyers and brokers should confirm configuration during due diligence.
If you are evaluating office space requirements, this is a large-format office property measured at 28,703 RSF, suitable for buyers seeking to accommodate an established footprint within a single office building.
Key Highlights
- Office building for sale totaling 28,703 RSF at 185 Broadway
- Built in 2022
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$898,769
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.33%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$17,975,380
$18.0M
Cap Rate 7%
$12,839,557
$12.8M
Cap Rate 9%
$9,986,322
$10.0M
Market Conditions
NOI Build-Up for 28,703 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$1.48M $51.48/SF
− Vacancy
−$279.3K −$9.73/SF
EGI
$1.20M $41.75/SF
− OpEx
−$299.6K −$10.44/SF
NOI
$898.8K $31.31/SF
Area
New York, NY
Vacancy
18.90%
Lease Rate
$51.48 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$17,975,380
Cap Rate 7%
$12,839,557
Cap Rate 9%
$9,986,322
Alternative Uses
Best Use
Office B
$12.84M
$11.23M – $14.98M
NOI $898,769 @ 7.0% cap · market cap 6.33%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$71.45M
$62.52M – $83.35M
NOI $5,001,211 @ 7.0% cap · market cap 35.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
6,952
Businesses Nearby
Explore this area
Business Placement
Demographics for 10007, NY
8,421
Population
3,711
Households
2.3
Avg Household Size
35
Median Age
86%
College-Educated
98%
High-School Grad
0.2 sq mi
ZIP Area
42,105
Density / Sq Mi
$250,001
Median Household Income
$150,470
Median Earnings
$3,501
Median Rent
$2,000,001
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - For sale office building totaling 28,703 RSF at 185 Broadway.
Where is this office building located?
The property is located at 185 Broadway New York, NY.
What is the asking price?
The asking price for this property is $14,207,985.
What are key features of this property?
This property features: Office building for sale totaling 28,703 RSF at 185 Broadway; Built in 2022
